Due to the Optional Redemption Date on 19 January 2017 Noteholders are hereby informed that they may not require transfers from 4 January 2017 until, and including, 19 January 2017. This halt of transfers is necessary for the Company to be able to make payments to registered Noteholders on the Optional Redemption Date. This halt of transfers is in accordance with Condition 4.1 (b) of the terms and conditions of the Amortising Zero-Coupon Convertible Notes of Glitnir HoldCo ehf. (the “Conditions”).

Further information about the Optional Redemption can be found here.

Capitalised terms used but not defined in this notice shall have the meanings given to them in the Conditions.

Glitnir Holdco ehf. (the “Issuer”)
EUR 1,585,774,666 (Remaining balance EUR 429,462,724)
Amortising Zero-Coupon Convertible Notes due 2030 (the “Notes”)

This notice is made to holders of the Notes (hereafter, the “Noteholders”) pursuant to Condition 6.3 of the Terms and Conditions of the Notes (the “Conditions”) and is published in accordance with Condition 21. Capitalised terms used but not defined in this notice shall have the meanings given to them in the Conditions.

The Issuer hereby notifies the Noteholders that it will effect an optional redemption by redeeming the Notes (in part) in cash on 19 January 2017. The Issuer is providing the following information pursuant to Condition 6.3(B) in connection with such redemption:

(i) The Currency Conversion Date is 13 January 2017.

(ii) The estimated Euro Equivalent Redemption Funds (EERF) to be distributed is EUR 60,856,000.

The breakdown by currency of the amounts included in the calculation of such estimate are as follows:
EUR 59,740,000 and
NOK 10,091,500

(iii) The Euro Equivalent Redemption Funds will derive from realizations of the following assets:

The Indemnity Fund; EUR 59,740,000,
Loans to customers: NOK 10,091,500 of the EERF.

The Issuer will provide a further notification on 17 January 2017 (which will be the Optional Cash Redemption Second Notification Date). This will confirm the final amount of Euro Equivalent

Available Optional Redemption Funds which will be used to redeem the Notes in cash, the aggregate principal amount of the Notes that will be outstanding immediately following the Optional Redemption Date of 19 January 2017 and the other information required under Condition 6.3(C).

Reykjavík, 21 December 2016

On behalf of Glitnir HoldCo ehf.
Ingólfur Hauksson, Chief Executive Officer

At the Extraordinary General Meeting, held at Hilton Reykjavík Nordica, Suðurlandsbraut 2, Reykjavík, on 19 December 2016 at 1:00 pm, the following proposal set out in the notice of the meeting was duly passed by the majorities set out below:

1. Vote on a resolution regarding a settlement with the former Winding-up Board of Glitnir HoldCo ehf. in relation to the Indemnity Fund that was established in September 2015:

• 99.63% of shareholders who attended the meeting voted in favour of the proposal
• 0.06% of shareholders who attended the meeting voted against the proposal

The meeting was attended by creditors representing 67,32% of Glitnir´s share capital.

Further information about the meeting can be found in the meeting minutes that have been published on the secured website.

Reference is made to a notice, dated 5 December 2016, regarding an Extraordinary General Meeting of Glitnir HoldCo ehf., id. No. 5500500-3530.

As previously notified, the meeting will be held at Hilton Reykjavík Nordica, Suðurlandsbraut 2, Reykjavík, on 19 December 2016 and will start at 1 pm.

The final agenda for the meeting is the following:

A) Vote on a resolution regarding a settlement with the former Winding-up Board of Glitnir HoldCo ehf. in relation to the Indemnity Fund that was established in September 2015.

B) Presentation of Glitnir’s Articles of Association, after the amendments that were made on 16 August 2016.

C) Debate and voting of other matters, lawfully tabled.

The resolution, along with explanatory notes, the documents to execute the agreement with the former Winding-up Board and the Articles of Association of Glitnir HoldCo ehf. can be found on the secured website of Glitnir HoldCo ehf. within the Glitnir Post Composition section.

Reykjavík, 12 December 2016

On behalf of Glitnir HoldCo ehf.,
Mike Wheeler
Steen Parsholt
Tom Grondahl

The Board of Directors of Glitnir HoldCo ehf., id. No 550500-3530, hereby gives notice that an Extraordinary General Meeting of the company will be held at Hilton Reykjavík Nordica, Suðurlandsbraut 2, Reykjavík, on 19 December 2016 and will start at 1 pm.

The agenda for the meeting is:

A) Vote on a resolution regarding a settlement with the former Winding-up Board of Glitnir HoldCo ehf. in relation to the Indemnity Fund that was established in September 2015.

B) Debate and voting of other matters, lawfully tabled.

Shareholder proposals to be presented at the Extraordinary General Meeting, must be submitted to Glitnir at least 10 days before the meeting.

Further information and final submissions will be available for inspection by shareholders at Glitnir’s office and on Glitnir’s secured website 7 days before the meeting.

Reykjavík, 5 December 2016.

On behalf of Glitnir HoldCo ehf.,
Mike Wheeler
Steen Parsholt
Tom Grondahl

The Board of Glitnir HoldCo ehf. has published the Consolidated Interim Financial Statements for 1 January to 30 September 2016, as well as a Covering Report, on the secure website of Glitnir.

Glitnir Holdco ehf. (the “Issuer”)
EUR 1,585,774,666 (Remaining balance EUR 429,462,724)
Amortising Zero-Coupon Convertible Notes due 2030 (the “Notes”)

This notice is made to holders of the Notes (hereafter, the “Noteholders”) by way of information and is published in accordance with Condition 21 of the Terms and Conditions of the Notes (the “Conditions”).

Capitalised terms used but not defined in this notice shall have the meanings given to them in the Conditions.

The Issuer effected an optional redemption of the Notes in part on 27 October 2016 in accordance with Condition 6.3(A)(ii). The aggregate principal amount of each Noteholder’s interest in the Notes was reduced accordingly as a result of such redemption. Noteholders who wish to confirm the principal amount outstanding in respect of their holding of Notes can do so through the secured website.

Reykjavík, 27 October 2016

On behalf of Glitnir HoldCo ehf.
Ingólfur Hauksson, Chief Executive Officer

Further to the announcements on 5 and 18 October 2016, Glitnir confirms that the final amount, which will be used to redeem the Notes, by payment in cash, is EUR 64,861,181. The aggregate principal amount of the Notes will be EUR 429,462,724 immediately following the payment on 27 October 2016. In addition to the EUR amount of 28,600,000 the following amounts were converted into EUR on the Currency Conversion Date on 21 October 2016:

USD 2,589,000
NOK 298,934,000
and GBP 443,000

The amount for distribution from the conversion on the Currency Conversion Date is EUR 36,261,181.

The amounts converted into EUR on the Currency Conversion Date, and forms part of the Euro Equivalent Redemption Funds, derive from realisations of the following assets:

Loans to customers: EUR 14,000,000, GBP 443,000 and NOK 10,434,000
Equity: EUR 12,550,000, USD 2,589,000 and NOK 288,500,000
Other sources is reduced hold back of operating expenses reserve.

Reykjavik, 25 October 2016

On behalf of Glitnir HoldCo ehf.
Ingólfur Hauksson, Chief Executive Officer

According to the terms of the Zero-Coupon Convertible Notes of Glitnir HoldCo ehf. issued on 8 January 2016, Clause 12.1 (C) of the Terms and Conditions of the note states that Glitnir shall provide:

"as soon as it becomes available, but in any event within 120 days of the end of each of its financial half-years, a summary asset monetisation plan by reference to each different category of assets and the currency in which is denominated, which shall include estimated future realizations for each category of assets."

Glitnir has now published a monetisation plan for the second half of 2016, for the year 2017 and the year 2018 on the secure website of Glitnir.

Glitnir Holdco ehf. (the “Issuer”)
EUR 1,585,774,666 (Remaining balance EUR 494,323,905)
Amortising Zero-Coupon Convertible Notes due 2030 (the “Notes”)

Further to the announcement on 5 October 2016, the Issuer hereby announces that the amount will be increased by EUR 58,354,000.

The increased amount derives from realizations of the following assets:

Loans to customers: EUR 14,000,000

Equity investments: NOK 288,500,000 and EUR 12,550,000

The estimated amount which will be used to redeem the Notes on 27 October 2016 is EUR 64,354,000. The following amounts will be converted into EUR on the Currency Conversion Date on 21 October 2016:

USD 2,589,000
GBP 443,000
NOK 298,934,000

Amounts that form part of the Euro Equivalent Redemption Funds, derive from realisations of the following assets:

Loans to customers:
EUR 14,000,000, GBP 443,000 and NOK 10,434,000

Equity investments:
USD 2,589,000, EUR 12,550,000 and NOK 288,500,000

The Issuer will provide a further notification on 25 October 2016 (the Optional Cash Redemption Second Notification Date) which will disclose the final amount of Euro Equivalent Available Optional Redemption Funds and other information required under Condition 6.3(C).

Reykjavik, 18 October 2016

On behalf of Glitnir HoldCo ehf.
Ingólfur Hauksson, Chief Executive Officer